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Jodee
I love my girls
Member since 11/08 1510 total posts
Name:
Danielle
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taking me off the mortgage???
we are looking to refinance our mortgage.... I am currently unemployed, looks like we can get better rates if I am off the mortgage.
Please talk to me about this, should I NOT come off the mortgage? If I do is there any harm?
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Posted 7/12/12 4:47 PM  |
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Prudential Douglas Elliman Real Estate
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Lori11514
LIF Infant
Member since 11/10 229 total posts
Name:
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taking me off the mortgage???
I'm a SAHM and not on our mortgage. There was no upside to putting me on there. Also, god forbid something happen to DH, I would be on the hook for the mortgage and no job to pay for it. Sure, life insurance would cover it, but I want to have the option to let the house go. One downside may be in a divorce situation. Since you guys were already married and you affirmatively took the steps to come off the mortgage, he maybe could argue that the house is solely his and you get none of the proceeds in the settlement. But that's just a guess, I don't know for sure.
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| Posted 7/12/12 5:19 PM |
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tara73
carseat nerd
Member since 11/09 3669 total posts
Name:
Buttercup
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taking me off the mortgage???
The deed is the important part, if you're on the deed then it doesn't matter that you're not on the mortgage.
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| Posted 7/12/12 5:55 PM |
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TiggerBounce
The Prince & Princess
Member since 7/05 4939 total posts
Name:
J
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Re: taking me off the mortgage???
Posted by tarabelle99
The deed is the important part, if you're on the deed then it doesn't matter that you're not on the mortgage.
This is what we will be doing.
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| Posted 7/12/12 7:30 PM |
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Jodee
I love my girls
Member since 11/08 1510 total posts
Name:
Danielle
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taking me off the mortgage???
I am on the deed, and it was described by DH to me as exactly all of this.... thank you Ladies!!!!
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| Posted 7/12/12 8:32 PM |
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Re: taking me off the mortgage???
I don't think it is a big deal. As long as you are on the deed. I am not on the mortgage either.
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| Posted 7/12/12 9:12 PM |
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PhyllisNJoe
My Box Is Broken
Member since 6/11 9145 total posts
Name:
Phyllis
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Re: taking me off the mortgage???
Yup as long as you are on the deed, it's fine. I'm not on the mortgage but I am on the deed.
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| Posted 7/12/12 11:34 PM |
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Ladybug63
Ohh... baby
Member since 5/06 2527 total posts
Name:
D
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Re: taking me off the mortgage???
Me too... I'm on the deed but not the mortgage.
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| Posted 7/12/12 11:51 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: taking me off the mortgage???
Posted by tarabelle99
The deed is the important part, if you're on the deed then it doesn't matter that you're not on the mortgage.
This
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| Posted 7/14/12 3:05 PM |
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